Europa Capital, on behalf of Europa Fund III, and its partner Outlet Centres International have signed a landmark lease with the US fashion house Abercrombie & Fitch (A&F) at Designer Outlets Wolfsburg (DOW) – in Wolfsburg, Germany. A&F now has over 300 stores worldwide and has had a presence in Germany since 2011 where it currently trades out of three flagship full-price stores located in Dusseldorf, Hamburg and Munich. This new lease at DOW represents A&F’s first outlet store in Germany and only its third outlet store in Europe.
The first phase of DOW was completed in 2007. It was fully leased at the time of Europa’s investment and has enjoyed strong year-on-year turnover growth. The second phase, completed in December 2013, increased the trading space to 188,368 sqft, which includes new brands – Michael Kors, O’Neill and Clarks – for the centre alongside A&F. With a permit in place for further expansion to 231,424 sqft in the third phase, DOW will be one of the larger outlet centres in Germany. It already houses several global brands including Adidas, Diesel, Escada, Gant, Lacoste, Nike, Polo Ralph Lauren and Tommy Hilfiger.
“This new lease with A&F is exciting not just for DOW but for the German outlet market as a whole, being the retailer’s first outlet in Germany. We have 100% of this second phase either leased or in exclusive lease negotiations and are now opening discussions with interested tenants for DOW’s phase three,” says Stephan Schaefer, head of leasing at Outlet Centres International.
“Wolfsburg as a city has a very strong economy and a community that is very pro-active in encouraging inward investment. The strength of covenant and number of tenants interested in leasing space underlies the location’s strength and pulling-power for this form of retailing,” comments Tom Vail, Europa’s head of asset Management for Germany.
Watsons to open 20 new stores in the GCC
In 2020, global health & beauty retailer AS Watson Group signed its
April 29, 2024 | By Rupkatha BAsda and Deliverect Deepen Partnership to Power Rapid Delivery Across Asda Express
SQUATWOLF’s Kuwait Flagship Store Anchors Its Regional Growth Ambitions
Global beauty icon Ulta Beauty to make Riyadh debut at Panorama Mall
/ 
For decades, Haldiram’s built deep recall across the UAE through its packaged
When House of Habanero opened its first physical location at Alserkal Avenue
Union Coop has completed a significant expansion of its Hatta Souq branch,
Saudi Arabia is set to welcome U.S. food exporters this week, as
Majid Al Futtaim has officially entered the discount retail segment with the
As convenience increasingly becomes currency in the region’s grocery landscape, Union Coop
As wellness becomes a lifestyle in the UAE, the grocery aisle is
Grandiose, one of the leading grocery retailers in the UAE with a
With shifting consumer behaviour, rising cost pressures, regulatory changes, and rapid digitization,
Union Coop’s blend of retail expansion, digital innovation, and community focus is
Abu Dhabi-based MAIR Group has marked a pivotal stage in its transformation
In a move that blurs the line between shopping and investing, Apparel
/ 
Why cinemas, wellness sanctuaries and cultural districts are becoming emotional infrastructure for
From bullion to boutiques, investment to immersion, Dubai Gold District marks a
NRF Vice President of Education Strategy Susan Reda forecasts 2025’s retail trends
The Dubai Duty Free (DDF) has recorded sales of $1.94 billion up
In what comes as a significant announcement, Middle East based eyewear majors
Emirati Gen Z women are seeking collaborative, culturally diverse and creatively enriching
GMG’s Everyday Goods – Retail division celebrates expansion milestone hitting 60 stores
Among several others, three key factors have fuelled the growth of homegrown
Empowering women, transforming communities: The rise of female-led businesses in Times Square Center
In its central Dubai location, Times Square Center stands not just as
Previous Article
